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bobcollett

Market Wizard
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Everything posted by bobcollett

  1. Hi barako Sideways.....:missy: Everything in life needs a catalyst, something to make things happen.And its all quiet until the next FED meeting. The biggest catalyst in the world is when your girlfriend says "I'm pregnant" That sure makes thing happen. And the first response is some tests..:rofl::rofl: So Gold needs to test the LOW . Kind regards bobc
  2. Dear zdo Thank you for the morality. Perhaps you missed my "smiles".:roll eyes::roll eyes: To subtle for you?::question::question: Kind regards bobc And you also have a nice weekend
  3. And for those of you who dont understand fundamentals,elliot waves, Mars conjunct Venus ,or channel breakouts,heres a secret for trading Gold.I have always believed that Gold leads Silver up/ down.It turns out the other way round. For the last 4 years of the Gold bear market, Silver has been the leader and Gold has followed. Easy, hey!! regards bobc :2c:
  4. The bounce is over, and with the big gains in the US Market yesterday,a short gold position looks good. Sell below 1120 As MM says, get the direction right and leave the analysis to the experts. bobc
  5. Wise words:cool: My analysis is bearish which is wrong........ for the moment.:missy::missy: Now LONG 2 contracts @ 1110 Target 1123 Stop 1105 1123 was a very important level which was smashed on the down side, but might be resistance going up. bobc PS I always get the impression, members who give an analysis on this thread bought at 1500, and are now looking for a reason to hold their position. :crap::crap:
  6. Dear zdo SunTrader and I have been gold bears for years. :( What are you talking about? :confused: Kind regards bobc
  7. To all the Gold bulls, a quote from Art Cashin. "Have just enough gold to be able to bribe the border guards";) bobc
  8. Hi SunTrader Hong Kong is trading below 1100, but August Futures are 1103.50 Something is wrong? Please have a look at the 10 year chart. Where does your wave 4 end.? My next support level is $1000.:missy: Kind regards bobc
  9. SunTrader makes an interesting comment..... the slowing Chinese economy.:missy: Could this be a possible reason for Golds weakness?:roll eyes: I have always looked at the $ / Gold negative correlation And Gold / Interest rates. And Gold / Oil Forget about the store of value. Now China.??? China has been very strong while Gold has been falling for 2 years All comments welcome bobc
  10. Hi markjacks, Why do you think it will be a good investment.? regards bobc
  11. Hi pro4x At what price do you BUY, and where is your STOP? kind regards bobc
  12. Hi pro4 Thanks for the reply. And what will happen to Gold when interest rates start rising? The trend is DOWN.. regards bobc PS Apologies to zdo for my Keynesian approach.I know he prefers the Austrians
  13. Dear pro4X How did you work this out? Are you expecting the $ to collapse mid/long term?:crap: Or is it just gut feel?:rofl::rofl: And how do I use this info to trade short term?:missy: kind regards bobc
  14. AGREE. And while the stock market continues to make new highs, GOLD will stagnate.. Just one warning,.Greeks are hoarding Euros ....... and Gold. Regards bobc
  15. Hi tradelab, Are you serious or is this your way of saying TTT is hogwash?:( If the former , please explain how you worked this out?:confused: Please add some real numbers.Oil markets perhaps!! regards bobc
  16. Hi Gavind Where you from..... Kentucky? Bobc
  17. To all the Gold Bulls http://www.google.co.za/url?sa=t&rct=j&q=&esrc=s&source=newssearch&cd=10&ved=0CDgQqQIoADAJ&url=http%3A%2F%2Fwww.actionforex.com%2Fanalysis%2Fdaily-forex-technicals%2Fgold-plunges-on-improved-appetite-for-risk--20140725220940%2F&ei=-nnSU-7wN7Gy7Aagy4DIBQ&usg=AFQjCNEUAhH2zaOdtGBeGCi03o_aHEfTyw&sig2=LcbegD2pI7TvGaIp7fxl2Q&bvm=bv.71667212,d.ZGU And NOTE Chinese and Indian demand ....... down And DOUBLE NOTE the correlation between GOLD and Equities + $ regards bobc
  18. Thank you SunTrader, You are a good man. (better than Patuca) Your application of EW is a lot different from mine.You are including the small swings as LEGS. I ignore them.I need some more lessons :missy: One last question. You show horizontal red lines on both your GOLD chart (post 1428) and your SOY chart.They are not drawn at swing points. What are they for? Are they Fib levels? Kind regards bobc
  19. Hi SunTrader, This is a very good answer...... and I can see you trade with Fibs. I personally have no faith in Mr Elliot. But to each his own . I have found a much easier market to trade......soybean. It has momentum, clear levels and is not quite so "rigged" ( Expect a comment here) When you get a chance,please apply your EW theory and post a chart on Soy. Just to give me an idea. It does not have to be very accurate .:missy: Its sideways at the moment, but bearish.:confused: Kind regards bobc PS. I know you are busy, so there is no hurry. Sunday will be fine.:):)
  20. Hi Sun Trader I note you are using wave analysis And the trend is DOWN Do you actually have a position open, and if so , do you hold through the draw down.? Or are you trading off the levels? regards bobc
  21. Hi Sun Trader Do you believe in fibs? regards bobc
  22. Hi Db Whats 04? What do you mean by "the levels where traders can't find trades"? regards bobc
  23. Alright, enough with that.....you've just been banned from here for two weeks.....coming back and behaving the same, will get you some more. Well Oily, In my about 8 years on this forum , its the first time I have witnessed a banning. Its really interesting. :haha::haha::haha::haha: You have made some very insulting comments:shocked: So you deserve to be banned . But its only for 2 weeks :missy: Perhaps you should write a book on your experience And look forward to your return :did I say that?: bobc
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